New capabilities will connect cards, fiat payment rails, and stablecoins through one integrated platform experience
Thredd, the AI-first issuer processing platform, announced the expansion of its payments platform to include stablecoin-powered money movement capabilities, through a partnership with Velocity, the stablecoin treasury and settlement platform bringing enterprises onchain.
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Thredd clients will now be able to convert between fiat currencies and supported stablecoins, send funds on-chain or through connected fiat rails, and use stablecoins for funding, payouts and settlement.
The initial rollout of these capabilities will focus on supporting B2B and B2B2B applications, including stablecoin-backed card programmes, cross-border payouts, global treasury flows and on-chain settlement. Thredd clients will now be able to convert between fiat currencies and supported stablecoins, send funds on-chain or through connected fiat rails, and use stablecoins for funding, payouts and settlement.
“Stablecoins are rapidly becoming an important part of global payments infrastructure, but clients should not have to rebuild their payments stack to take advantage of them,” said Jim McCarthy, CEO, Thredd. “By bringing stablecoin money movement into the Thredd platform, we can connect the issuing and processing capabilities our clients already rely on with new ways to move, convert and settle funds. It’s about giving clients more flexibility while maintaining the controls, reliability and operational support they expect from Thredd.”
To provide the underlying stablecoin infrastructure, Thredd has selected Velocity as a new strategic technology partner. Velocity will provide programmable wallet infrastructure, connectivity to blockchain and banking rails, liquidity and conversion capabilities, and the orchestration required to support transfers and settlement.
“The real opportunity with stablecoins isn’t a new asset, it’s a more programmable way for businesses to move and manage money globally,” said Eric Queathem, CEO and founder of Velocity. “Thredd’s platform is already trusted by some of the most sophisticated card programmes in the market, and this partnership gives those clients a practical way to use stablecoin rails inside an environment they already know. That’s where stablecoins get powerful: not as a separate crypto product, but as infrastructure embedded in the systems businesses already use.”
For issuers and programme managers, that can change the economics of running a global card programme. Less capital needs to sit idle across markets, prefunding and collateral requirements can be reduced, and settlement funds can move across currencies and geographies without being constrained by the operating hours and intermediary chains of correspondent banking, with no separate onchain workflow to build or maintain.
By connecting stablecoin infrastructure with Thredd’s existing ledger, APIs, issuer processing, card controls, fraud and risk services, reconciliation and operational support, clients will have a single commercial and technical entry point for managing how value is held, moved and spent.
The planned offering is designed as a global capability, with commercial availability to be introduced market by market based on regulatory, partner and product readiness.
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